The industrial production index numbers are out and it ain't pretty, a 1.1% decline in May with a Q1 decrease of 1.6% and a 13.4% decrease for the year. Capacity is at a whopping 68%, an all time low. Even during the 1982 recession the low was 70% for industrial capacity utilization.

Construction is the worst of the lot, as to be expected with the burst of the housing bubble, at 21.5% for the yearly drop.

More tables and data at the Federal Reserve. Click on graphs to zoom.

Check out Durable Goods:

These graphs, excluding high technologies, really capture what happened to U.S. tech during the 2001 time frame (it went offshore).

Around the globe

Russia's industrial production dropped 17% in May, 2009. Remember, this is just one month!

Euro-Zone dropped a record 21.6% for the year.

China (of course), reports a 8.9% increase for May.